The number of active job postings in New Zealand increased by 1.42% MoM, and decreased by 28.47% since October 2023, reaching 6,158 active job postings in January 2024.
A total of 2,673 new jobs were posted in January 2024, witnessing an increase of 38.57% as compared to the previous month. On the other hand, 2,587 jobs were closed in the same month implying that companies took out 21.53% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 28.74% and the number of jobs closed decreased by 40.6%
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a negative growth rate of 10.68%, the number of active job postings observed a negative growth rate of 10.57% and the number of jobs closed observed a negative growth rate of 15.94%. Between October 2023 and January 2024, the average number of jobs posted stood at 2,939, number of jobs closed stood at 3,702 and number of active jobs stood at 7,069.
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